$INIT / USDT – EARLY SIGNS OF A REVERSAL? 👀

After weeks of steady decline, $INIT has posted a +13.62% gain, bouncing sharply from the $0.4682 low. While it still trades below key moving averages (MA7: 0.6292 and MA25: 0.7866), today’s bullish candle shows signs of a possible trend reversal — especially if volume continues to build.

📊 Technical Overview:

📈 Current Price: $0.5556

🔼 24h High: $0.5821

🔽 24h Low: $0.4682

📉 Still trading below MA(7) and MA(25), which could act as resistance zones

📌 Trade Setup (Reversal Play)

Entry Zone: $0.5400 – $0.5600

Target 1: $0.6340

Target 2: $0.7250

Stop-loss: $0.4990 (below recent swing low)

⚠️ Wait for a close above $0.60 to confirm trend reversal. Volume spike today is promising, but structure remains weak until a higher high is established.

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